Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»BNB’s market capitalization surged above $310 as it overturned Solana.
TRADING NEWS

BNB’s market capitalization surged above $310 as it overturned Solana.

By Crypto FlexsDecember 27, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB’s market capitalization surged above 0 as it overturned Solana.
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB price is trading above $310, up 5% in the last 24 hours and 20% in the past week.
  • With SOL price falling after the recent rally, BNB appears to have overtaken Solana in terms of market capitalization.

BNB is trading up more than 5% in the last 24 hours and more than 20% in the past week as Binance Coin makes a comeback after its recent plunge. This follows the meteoric rise and ultimate flip of Solana’s XRP and BNB, the last price the cryptocurrency reached in April last year.

BNB on Solana

The market value of BNB rose as Solana plummeted as profit-taking increased over the Christmas period. The native Binance coin is currently trading above $310, with the price last seen in June. As of this writing, its market capitalization is $47.9 billion, surpassing Solana, which has plummeted to $46.3 billion.

BNB price is showing potential gains for the first time since it plunged last month following the bombshell resignation of Binance founder and former CEO Changpeng Zhao. BNB also came under downward pressure after the cryptocurrency exchange agreed to a $4.3 billion settlement with US authorities.

This event caused the BNB price to fall from above $266 to below $225, continuing the macro downtrend. Data from markets platform CoinGecko shows the gains have been less notable compared to some of the performance over the past few weeks.

However, with Solana cooling its gains, BNB bulls are looking to retest the year-to-date $350 level. As cryptocurrency analyst Rekt Capital highlighted on December 26, BNB “broke the macro downtrend.” This suggests a potential rally.

$BNB It broke the macro downward trend.#Binance #Cryptocurrency #BNB pic.twitter.com/PnvqNMK2QW

— Rekt Capital (@rektcapital) December 26, 2023

If euphoria over a potential approval for a spot Bitcoin ETF pushes the altcoin higher, BNB bulls could target an all-time high of $686.

As of December 27, the price of BNB was $311, which is about 55% discount from its peak.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

NVIDIA launches ACE Generative AI microservice for digital human innovation

June 2, 2024

Phishing attack leaks $35 million worth of tokens from cryptocurrency whale

October 14, 2024

Binance celebrates Bitcoin Pizza Day with $500,000 in prize money

May 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.